# U.S. Ethanol Export Sales Kick Off 2023 with Large Gains while U.S. DDGS Exports Scale Back

> U.S. ethanol exports rose 59% in January to 117.8 million gallons, an eight-month high, with Canada remaining the largest buyer. DDGS exports fell 13% to 770,344 metric tons, with Mexico still the top customer but at a nine-month low.

- Date: 2023-03-08 · published 2023-03-08T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/36840-u-s-ethanol-export-sales-kick-off-2023-with-large-gains-while-u-s-ddgs-exports
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower DDGS export volumes loosen demand for a feed co-product that competes with corn and soymeal in rations. Stronger ethanol exports support corn grind demand, a mixed signal for feed buyers.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-10-27 | [U.S. grains: Soybeans rise on export sales, soymeal gains - Grainews](https://feedsoft.ai/events/9239-u-s-grains-soybeans-rise-on-export-sales-soymeal-gains-grainews.md) | -3.3% | +3.6% |
| SOY | 2020-03-20 | [U.S. wheat, soy rise after export deals; corn sags on ethanol woes \| Financial Post](https://feedsoft.ai/events/6108-u-s-wheat-soy-rise-after-export-deals-corn-sags-on-ethanol-woes-financial-post.md) | +4.4% | -1.3% |
| SOY | 2016-12-07 | [South American Gains Export Share at Expense of U.S.](https://feedsoft.ai/events/73323-south-american-gains-export-share-at-expense-of-u-s.md) | -1.9% | -4.2% |
| SOY | 2017-08-23 | [Argentine biodiesel industry says U.S. duties will halt exports](https://feedsoft.ai/events/69539-argentine-biodiesel-industry-says-u-s-duties-will-halt-exports.md) | -0.3% | +3.9% |
| SOY | 2017-10-19 | [U.S. grains: Soy, wheat, corn firm on export demand - AgCanada](https://feedsoft.ai/events/68544-u-s-grains-soy-wheat-corn-firm-on-export-demand-agcanada.md) | -0.9% | -0.8% |
| CORN | 2020-04-02 | [February U.S. Ethanol Exports Surge to Two-Year High while Global Sales of U.S. DDGS Subside](https://feedsoft.ai/events/53643-february-u-s-ethanol-exports-surge-to-two-year-high-while-global-sales-of-u-s.md) | -1.1% | -8.6% |
| CORN | 2025-05-06 | [March U.S. Ethanol and DDGS Exports Post Strong Gains](https://feedsoft.ai/events/24661-march-u-s-ethanol-and-ddgs-exports-post-strong-gains.md) | -1.4% | +0.3% |
| CORN | 2020-10-06 | [August U.S. Ethanol Export Sales Shift Sharply Higher while U.S. DDGS Sales Moderate](https://feedsoft.ai/events/50653-august-u-s-ethanol-export-sales-shift-sharply-higher-while-u-s-ddgs-sales.md) | +2.6% | +6.8% |

## Sources

- ethanolrfa.org: https://ethanolrfa.org/media-and-news/category/trade-monitor/article/2023/03/u-s-ethanol-export-sales-kick-off-2023-with-large-gains-while-u-s-ddgs-exports-scale-back
- mnbiofuels.org: https://mnbiofuels.org/us-ethanol-export-sales-kick-off-2023-with-large-gains-while-us-ddgs-exports-scale-back

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.